PDT Partners LLC Sells 57,105 Shares of Howmet Aerospace Inc. (NYSE:HWM)

PDT Partners LLC trimmed its position in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 82.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,964 shares of the company's stock after selling 57,105 shares during the period. PDT Partners LLC's holdings in Howmet Aerospace were worth $1,309,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Schonfeld Strategic Advisors LLC grew its stake in shares of Howmet Aerospace by 52.9% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 138,590 shares of the company's stock worth $15,158,000 after acquiring an additional 47,963 shares during the last quarter. Lido Advisors LLC acquired a new stake in Howmet Aerospace in the 4th quarter worth $220,000. Northern Trust Corp increased its holdings in shares of Howmet Aerospace by 10.5% during the 4th quarter. Northern Trust Corp now owns 3,676,908 shares of the company's stock worth $402,143,000 after purchasing an additional 349,384 shares during the period. Optiver Holding B.V. raised its position in shares of Howmet Aerospace by 143.6% during the fourth quarter. Optiver Holding B.V. now owns 743 shares of the company's stock valued at $81,000 after buying an additional 438 shares during the last quarter. Finally, Prosperity Consulting Group LLC raised its position in shares of Howmet Aerospace by 6.3% during the fourth quarter. Prosperity Consulting Group LLC now owns 5,405 shares of the company's stock valued at $591,000 after buying an additional 321 shares during the last quarter. 90.46% of the stock is owned by institutional investors and hedge funds.

Howmet Aerospace Price Performance

Shares of NYSE:HWM traded up $6.13 during trading on Friday, reaching $154.16. The stock had a trading volume of 3,651,795 shares, compared to its average volume of 2,688,925. The stock has a market capitalization of $62.35 billion, a PE ratio of 54.67, a P/E/G ratio of 1.92 and a beta of 1.37. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.17 and a quick ratio of 0.98. Howmet Aerospace Inc. has a 52 week low of $76.83 and a 52 week high of $154.73. The business's 50-day moving average price is $129.01 and its 200 day moving average price is $121.14.

Howmet Aerospace (NYSE:HWM - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.09. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. The firm had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter in the previous year, the company posted $0.53 EPS. The business's revenue for the quarter was up 5.5% compared to the same quarter last year. As a group, equities analysts predict that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Howmet Aerospace Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Friday, May 9th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.26%. The ex-dividend date of this dividend is Friday, May 9th. Howmet Aerospace's dividend payout ratio is presently 13.03%.

Analysts Set New Price Targets

Several brokerages recently issued reports on HWM. Royal Bank of Canada boosted their price target on Howmet Aerospace from $150.00 to $165.00 and gave the company an "outperform" rating in a research note on Friday. Benchmark lifted their price objective on Howmet Aerospace from $85.00 to $135.00 and gave the stock a "buy" rating in a report on Monday, April 21st. Barclays upped their target price on Howmet Aerospace from $130.00 to $140.00 and gave the company an "overweight" rating in a research note on Tuesday, February 18th. Northcoast Research upgraded shares of Howmet Aerospace from a "sell" rating to a "neutral" rating in a research note on Wednesday, April 9th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Howmet Aerospace from $125.00 to $130.00 and gave the company an "overweight" rating in a research note on Friday, February 14th. Four research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, Howmet Aerospace currently has an average rating of "Moderate Buy" and an average target price of $130.17.

Howmet Aerospace Profile

Howmet Aerospace Inc provides advanced engineered solutions for the aerospace and transportation industries in the United States, Japan, France, Germany, the United Kingdom, Mexico, Italy, Canada, Poland, China, and internationally. It operates through four segments: Engine Products, Fastening Systems, Engineered Structures, and Forged Wheels.